---
schema_version: "secwatch.filing_event.v1"
accession: "0001706524-24-000072"
form_type: "8-K"
ticker: "UGRO"
cik: "0001706524"
company_name: "urban-gro, Inc."
filed_at: "2024-10-03T23:59:59+00:00"
generated_at: "2026-05-30T21:36:29.241330+00:00"
event_type: "other_material"
sentiment: "positive"
materiality_score: 0.8
calibrated_materiality_score: 0.8
confidence: "high"
source: SEC EDGAR
---

# urban-gro signs ~$12M in cannabis contracts, secures $2.1M loan

## Summary
- Signed contracts with 15+ clients for ~$12M in cannabis cultivation, extraction, and retail projects across the U.S.
- Revenue from these contracts expected to be largely recognized by end of Q1 2025.
- Entered $2.1M asset-based secured loan from Grow Hill, LLC at 15% interest, 24-month term, with a $100K origination fee.
- Issued warrant to Lender for 160,000 shares at $2.50/share, exercisable immediately for 5 years on cashless basis.
- CEO cites Florida Amendment 3 and new market licenses as catalysts; loan supports growth and cash management.

## SEC filing metadata
- accession: 0001706524-24-000072
- form_type: 8-K
- ticker: UGRO
- cik: 0001706524
- company_name: urban-gro, Inc.
- filed_at: 2024-10-03T23:59:59+00:00
- event_type: other_material
- sentiment: positive
- materiality_score: 0.8
- calibrated_materiality_score: 0.8
- confidence: high
- sec_items: 1.01, 2.03, 3.02, 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1706524/000170652424000072/0001706524-24-000072-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1706524/000170652424000072/ugro-20241001.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001706524-24-000072
- JSON: https://secwatch.observer/filing/0001706524-24-000072.json
- Plain text: https://secwatch.observer/filing/0001706524-24-000072.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.